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Articles, tagged with "disposable income", page 1

Bankruptcy Law

Role of a Bankruptcy Laywer in a Chapter 13

29th June 2011
Bankruptcy lawyers generally call a Chapter 13 petition a wage earnerís plan. Debtors with a regular source of income should ideally opt for a Chapter 13 filing. A Chapter 13 filing is also more beneficial if you are facing foreclosure and you want to sav...
Author: geor22c8st
Bankruptcy Law

The 2005 Bankruptcy Law Explained

03rd November 2010
The law in bankruptcy changed in 2005, which made it harder for people to file for bankruptcy. Furthermore, filers with high incomes may no longer be allowed to make use of the Chapter 7 bankruptcy. Filers will now have to pay their debts as per the claus...
Author: Jay King
Business Law

Who Can Apply For The Obama Loan Modification Plan?

21st October 2010
What is needed to apply for the Obama's Federal HAMP loan modification and how to qualify for it? These two basic questions always revolve around the debtors mind. This program worth $74 billion is designed to help those homeowners who are under risk of f...
Author: Refinance Mortgage
Bankruptcy Law

Are you eligible for Chapter 7 bankruptcy filing?

16th August 2010
US laws entitles you to file bankruptcy under varied chapters, the most common being Chapter 7, 11 and 13. Due to the changes that came into effect in 2005, Chapter 7 bankruptcy filing procedures have acquired some stricter laws. Although the number of fi...
Author: BGIAPDA
Legal

Child Support and Calculating the Costs

30th August 2009
Copyright (c) 2009 Ron Lasorsa The court views child support as the child's right to receive financial help from their parent. And quite honestly, a parent should want to support their child to the best of their ability. However, there are situations o...
Author: Author Unknown
Legal

Abuse under Section 707(b) of the Bankruptcy Code - An Explanation

07th March 2009
Much has been written about the 'abuse' section of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. That section, 707(b), is the one that might well be referred to as the 'teeth' in that new bankruptcy law. Practitioners and debtors wh...
Author: David Romito
Legal

The US Trustee's role in a Chapter 7 Bankruptcy case

03rd March 2009
Ok. You're considering filing for bankruptcy relief under Chapter 7 of the bankruptcy code. You may have heard about the 'means test' and how the US Trustee can file motions or complaints under Section 707(b) to dismiss a case or force it to be converted ...
Author: David Romito
Legal

The Chapter 7 Bankruptcy Means Test

21st January 2009
When you file a Chapter 7 bankruptcy petition, the means test is applied to make sure that you really need to file bankruptcy and that you aren't "abusing" the system. That might sound confusing, but it's in most cases a simple test, and the majority of d...
Author: David Romito